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United States · Bill · S

S. 3328 (93rd)

A bill to amend section 501(c)(12) of the Internal Revenue Code of 1954 (relating to the taxation of telephone cooperatives).

referredUnited States· United States Congress· EN

Introduced

9 April 1974

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Excludes, for determination of income tax exemption, income of a mutual or cooperative telephone company derived from services performed for a nonmember telephone company from the requirement that 85 percent of income of such companies consist of amounts collected from members for meeting losses and expenses.

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Documents

1 official file

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Sources

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